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Question 2 View Policies Show Attempt History Current Attempt in Progress Presented below is an aging schedule for Windsor, Inc.. Number of Days Past Due
Question 2 View Policies Show Attempt History Current Attempt in Progress Presented below is an aging schedule for Windsor, Inc.. Number of Days Past Due Customer Total t Not Due 1-30 31-60 61-90 Over 90 Anders $10,500 $12,000 Blake $ 22,500 39,000 $39.000 57:900 16.000 Coulson 6,800 $35,100 Deleon 33,400 $33,400 Others 6,400 $39,800 132,800 95,000 16,800 14,600 $285,600 $150,000 $34,100 $26.600 $35,100 1% 6% 13% 26% $1.500 $2,046 $3,458 $9,126 Estimated Percentage Uncollectible Total Estimated Bad Debts 5330 $17,512 At December 31, 2019, the unadjusted balance in Allowance for Doubtful Accounts is a credit of $13,100. Journalize the adjusting entry for bad debts at December 31, 2019. (Credit account titles are automatically indented when amount is entered. Date Account Titles Debit Credit Dec 31, 2019 Bad Debt Expense 20542 Allowance for Doubtful Accounts 20542 Post the adjusting entry for bad debts at December 31, 2019. Bad Debt Expense 12/31/19 Ad 20542 12/31/19 Bal. 2054 Allowance for Doubtful Accounts 12/31/19 Ad 1231193 Journalize the following events and transactions in the year 2020. (Credit account titles are automatically indented when amount is entered. Do not indent n. (1) On March 31, a $1,300 customer balance originating in 2019 is judged uncollectible. (2) On May 31, a check for $1,300 is received from the customer whose account was written off as uncollectible on March 31. No. Date Account Titles and Explanation Debit Credit To reverse write off) (To record collection of write of Post to the allowance account the events and transactions in the year 2020. Bad Debt Expense 12/31/19 Adj. 20,542 12/31/19 Bal. 20,542 Allowance for Doubtful Accounts 12/31/19 Bal. 13,100 12/31/19 Adj. 20,542 12/31/19 Bal 33,642
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